- Ripple price gained bullish momentum and broke the $0.3265 and $0.3300 resistances against the US dollar.
- The price even climbed above the $0.3350 resistance level to move into a positive zone.
- This week’s highlighted key bearish trend line was breached with resistance near $0.3288 on the hourly chart of the XRP/USD pair (data source from Kraken).
- The pair traded close to $0.3420 and now it remains well supported above the $0.3290 level.
Ripple price recovered nicely and gained bullish momentum against the US Dollar, along with bitcoin. XRP is likely to extend gains towards the $0.3500 or $0.3520 level in the near term.
Ripple Price Analysis
Yesterday, we saw a decent recovery above the $0.3200 resistance area in ripple price against the US Dollar. The XRP/USD pair settled above the $0.3210 level and later started trading in a range. Finally, buyers had the upper hand and pushed the price above the $0.3250 resistance and the 100 hourly simple moving average. It opened the doors…
Read Full Story : NewsBTC